KKR to buy Australian hotel Sofitel from SG's Frasers Hospitality for $237m

KKR to buy Australian hotel Sofitel from SG's Frasers Hospitality for $237m

The Sofitel Sydney Wentworth Hotel. Source: Sofitel Sydney.

US-based private equity giant KKR will acquire Sofitel Sydney Wentworth from Singapore’s Frasers Hospitality Real Estate Investment Trust for $236.9 million.